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Black and white Pepper Prices closed firmer in Brazil and Indonesia narrowing the gap between Vietnam prices for the Asta variety. Indian prices were rock steady throughout the week and Vietnam prices towards end of the week was showing some signs of easing as Chinese became less aggressive at close of the week With more than 90% of 2020 crop already sold we do not see any interest from stakeholders to sell off and realize cash. Imports in the first three [...]
Black and White Pepper Prices In Vietnam closed higher by 8% on Black and 13% on White respectively with aggressive Chinese buying both black and white Pepper.The white processors capabilities. Are fully booked for the next 6 weeks by the Chinese.The shorts had but no choice other than to follow local prices to meet the commitments on time .Currently all is not well with the top of the list players who have reportedly shelled out millions of dollars to stay in [...]
Black and White Pepper Prices Continue to remain firm as Chinese traders were back after Golden Week Holidays which forced local shorts to follow the market and cover their pending commitments to Overseas Customers.The exporters are feeling the pain of mounting losses accumulating since end of March paying 25% more on raw materials and double the freight for cargoes sold last year and early this year especially to North America. The trade is currently facing the threat from a Vietnamese billionaire [...]
Black and White Pepper Prices closed firmer across all origins during the week especially in India and Vietnam. Short covering and new orders for nearby and last quarter coupled with Chinese entry into the Vietnam market pushed prices up further toward the north. Farmers have already sold 90% of their 2020 harvest and hence there is zero interest to sell. Local Dealers and Collectors who have some buffer are selling but by bit as the prices advanced throughout the [...]
The market in Vietnam saw prices on a stabilizing mode from Tuesday as most of the exporters who were shying away from the market finally showing heads up and started buying almost two weeks after the recent massive run up .Prices were trending higher from Friday on reports of the local speculators who bought pepper on paper squaring off their positions with collectors.Limited business was done at US$ 2475 for 500 gl Asta US$ 2525 for 550 gl Asta [...]
Black and White Pepper Prices in Vietnam closed mixed with a few collectors dropping their prices due to liquidity issues while most others were trying to hold on to previous weeks closing levels.While some exporters claimed good business from across the Globe at current levels others were complaining lack of follow through at higher levels other than for quick and prompt shipments or insignificant quantities to sustain higher levels. Brazil Asta prices were steady at 2400 FOB throughout out the week [...]
Black and white pepper prices closed unchanged from previous week though there were little swings and Couldn’t breach the 55000 VND per kg for the raw material.Only shorts with deep pockets were covering to honour commitments and others were on the sideline waiting for the chance of prices dropping further as most of the sales exporters have on hand is in the range of 34-38000 VND per kilo and executing contracts buying at current levels for the time being is not [...]
The market in Vietnam witnessed wild swings during the week under review. We saw market nose diving at the beginning of the week which the trade was foreseeing but Prices were trending higher from Thursday again which caught the trade by surprise With very little support at higher prices from importers. Reports of quite short covering coupled with new buying interest at higher levels for prompt shipment triggered the spurt .At close of the week CIS buyers were active [...]
Global Pepper prices showed the biggest volatility of the decade during the week under review spearheaded by Vietnam where local prices at farm level surged from 48500 VND to 62000 VND per kilo and then retreating back to 55000 VND per kilo on Sunday .The shorts who were strangled were having various meetings in coffee shops and pubs besides closed door meetings how to fan the fire or extinguish it could not reach any concrete decisions.The biggies have asked [...]
Black and White pepper Prices increased close to 10% this week in Vietnam. Increased fresh demand ,short covering and speculative operations has encouraged farmers and collectors to hold and increase asking prices .Indonesia and Brazil firmed as well but Indian prices were steady . Local prices at end of the week surged to 47.500 Vietnam Dongs per Kg.Worlds largestGrinder Was shopping heavily in Vietnam picking up all offers for 570 gl and 500 gl Asta cleaned whole Black Pepper for July [...]
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